Downstream petrochemical news

TA’ZIZ has announced that the TA’ZIZ Methanol Co. has achieved financial close on US$2 billion (AED7.34 billion) financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City.

Borouge Plc is set to deliver the first batch of Cross-Linkable Polyethylene (XLPE) materials from its Borouge 4 expansion project this quarter, further supporting the development of the UAE’s energy sector.

LyondellBasell has announced that it has completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA.

TA’ZIZ and Alpha Dhabi Holding have announced a strategic collaboration agreement for ~$10 billion (AED36.7 billion) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in the UAE.

TA’ZIZ has announced the signing of long-term agreements spanning offtake, feedstock, and sales across its chemicals portfolio valued at US$28.5 billion (AED104.6 billion).

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low-carbon methanol production facility in Texas City, Texas, US.

MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.

Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.

INEOS Olefins & Polymers Europe is strengthening its commitment to Europe by signing new distribution agreements that expand access to its local, high-quality polyolefins offer.

WPU, Vitol’s plastics recycling business, plans to build a new chemical recycling facility for end-of-life plastics at the Port of Rotterdam, the Netherlands, alongside Vitol’s refinery, VPR.